Eaton Vance Risk-Managed Diversified Equity Income Fund

Frequently Asked Questions About ETJ

What does ETJ invest in?

Eaton Vance Risk-Managed Diversified Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It primarily invests in common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio. The fund invests in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the S&P 500 Index and the Barclays U.S. Aggregate Bond Index. Eaton Vance Risk-Managed Diversified Equity Income Fund was formed on July 31, 2007 and is domiciled in the United States.

What is the expense ratio of ETJ?

Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.

What is ETJ's dividend yield?

ETJ's trailing-twelve-month yield is 9.43%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of ETJ?

Effective duration measures ETJ's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ETJ's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of ETJ?

ETJ's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of ETJ?

Yield to maturity (YTM) is the total return you'd earn from ETJ if every bond in the portfolio is held to maturity at the current price. ETJ's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.